Much, much lower to go !!!

On a weekly basis, Gold should be in the early stages of wave C. We also had a massive bearish engulfing candle this week with the LT trend line acting as a resistance. The next 12 months or so should see a persistent weakening Gold price and as such any rallies should be sold ! The area of 700 - 720 represent an attractive level (previous support )
Just my views :-)